RER* Regal to acquire (subject to completion of due diligence)...

  1. 2,403 Posts.
    RER

    * Regal to acquire (subject to completion of due diligence) 70% interest in the South Kivu Gold Project, which covers a total of 3,650km2 and is located in east central Democratic Republic of Congo. Regal has an option to purchase a further 20% interest to go to 90%

    * Project in the same geological setting as the Banro and Kilo-Moto gold deposits

    * Significant gold target areas identified from previous stream sediment, rock chip and soil sampling and trenching

    * Good potential for discovery of continuation of mineralisation from Banro�s Namoya and Lugushwa deposits

    * Key target areas have not been previously drill tested

    * Tenements have significant artisanal tin mining operations potential for alluvial and hard rock tin exploration
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